$116,500 Mortgage for 30 Years

What is the monthly payment of a 116,500 dollar loan?
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Loan Tables for a $116,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 117k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $116,500 home? What if I pay a bigger down payment? Make sure to think about maintenance costs, taxes, insurance, and other costs.

Use this to calculate a loan for anything, such as a vehicle, business loan, home, RV, motor home, mobile home, manufactured home, real estate, land, vacation property, education, or any type of debt.
Interest Rate 30 Year
116,500 at 2.01%$431.19
116,500 at 2.02%$431.77
116,500 at 2.03%$432.36
116,500 at 2.04%$432.94
116,500 at 2.05%$433.53
116,500 at 2.06%$434.11
116,500 at 2.07%$434.70
116,500 at 2.08%$435.28
116,500 at 2.09%$435.87
116,500 at 2.1%$436.46
116,500 at 2.11%$437.04
116,500 at 2.12%$437.63
116,500 at 2.13%$438.22
116,500 at 2.14%$438.81
116,500 at 2.15%$439.40
116,500 at 2.16%$439.99
116,500 at 2.17%$440.58
116,500 at 2.18%$441.17
116,500 at 2.19%$441.76
116,500 at 2.2%$442.35
116,500 at 2.21%$442.94
116,500 at 2.22%$443.54
116,500 at 2.23%$444.13
116,500 at 2.24%$444.72
116,500 at 2.25%$445.32
116,500 at 2.26%$445.91
116,500 at 2.27%$446.51
116,500 at 2.28%$447.10
116,500 at 2.29%$447.70
116,500 at 2.3%$448.29
116,500 at 2.31%$448.89
116,500 at 2.32%$449.49
116,500 at 2.33%$450.09
116,500 at 2.34%$450.68
116,500 at 2.35%$451.28
116,500 at 2.36%$451.88
116,500 at 2.37%$452.48
116,500 at 2.38%$453.08
116,500 at 2.39%$453.68
116,500 at 2.4%$454.28
116,500 at 2.41%$454.88
116,500 at 2.42%$455.48
116,500 at 2.43%$456.09
116,500 at 2.44%$456.69
116,500 at 2.45%$457.29
116,500 at 2.46%$457.90
116,500 at 2.47%$458.50
116,500 at 2.48%$459.11
116,500 at 2.49%$459.71
116,500 at 2.5%$460.32
116,500 at 2.51%$460.92
116,500 at 2.52%$461.53
116,500 at 2.53%$462.14
116,500 at 2.54%$462.74
116,500 at 2.55%$463.35
116,500 at 2.56%$463.96
116,500 at 2.57%$464.57
116,500 at 2.58%$465.18
116,500 at 2.59%$465.79
116,500 at 2.6%$466.40
116,500 at 2.61%$467.01
116,500 at 2.62%$467.62
116,500 at 2.63%$468.23
116,500 at 2.64%$468.84
116,500 at 2.65%$469.45
116,500 at 2.66%$470.07
116,500 at 2.67%$470.68
116,500 at 2.68%$471.29
116,500 at 2.69%$471.91
116,500 at 2.7%$472.52
116,500 at 2.71%$473.14
116,500 at 2.72%$473.75
116,500 at 2.73%$474.37
116,500 at 2.74%$474.98
116,500 at 2.75%$475.60
116,500 at 2.76%$476.22
116,500 at 2.77%$476.84
116,500 at 2.78%$477.45
116,500 at 2.79%$478.07
116,500 at 2.8%$478.69
116,500 at 2.81%$479.31
116,500 at 2.82%$479.93
116,500 at 2.83%$480.55
116,500 at 2.84%$481.17
116,500 at 2.85%$481.79
116,500 at 2.86%$482.42
116,500 at 2.87%$483.04
116,500 at 2.88%$483.66
116,500 at 2.89%$484.28
116,500 at 2.9%$484.91
116,500 at 2.91%$485.53
116,500 at 2.92%$486.16
116,500 at 2.93%$486.78
116,500 at 2.94%$487.41
116,500 at 2.95%$488.03
116,500 at 2.96%$488.66
116,500 at 2.97%$489.29
116,500 at 2.98%$489.91
116,500 at 2.99%$490.54
116,500 at 3%$491.17
116,500 at 3.01%$491.80
116,500 at 3.02%$492.43
116,500 at 3.03%$493.06
116,500 at 3.04%$493.69
116,500 at 3.05%$494.32
116,500 at 3.06%$494.95
116,500 at 3.07%$495.58
116,500 at 3.08%$496.21
116,500 at 3.09%$496.84
116,500 at 3.1%$497.47
116,500 at 3.11%$498.11
116,500 at 3.12%$498.74
116,500 at 3.13%$499.37
116,500 at 3.14%$500.01
116,500 at 3.15%$500.64
116,500 at 3.16%$501.28
116,500 at 3.17%$501.91
116,500 at 3.18%$502.55
116,500 at 3.19%$503.19
116,500 at 3.2%$503.82
116,500 at 3.21%$504.46
116,500 at 3.22%$505.10
116,500 at 3.23%$505.74
116,500 at 3.24%$506.38
116,500 at 3.25%$507.02
116,500 at 3.26%$507.65
116,500 at 3.27%$508.30
116,500 at 3.28%$508.94
116,500 at 3.29%$509.58
116,500 at 3.3%$510.22
116,500 at 3.31%$510.86
116,500 at 3.32%$511.50
116,500 at 3.33%$512.14
116,500 at 3.34%$512.79
116,500 at 3.35%$513.43
116,500 at 3.36%$514.08
116,500 at 3.37%$514.72
116,500 at 3.38%$515.36
116,500 at 3.39%$516.01
116,500 at 3.4%$516.66
116,500 at 3.41%$517.30
116,500 at 3.42%$517.95
116,500 at 3.43%$518.60
116,500 at 3.44%$519.24
116,500 at 3.45%$519.89
116,500 at 3.46%$520.54
116,500 at 3.47%$521.19
116,500 at 3.48%$521.84
116,500 at 3.49%$522.49
116,500 at 3.5%$523.14
Interest Rate 30 Year
116,500 at 3.51%$523.79
116,500 at 3.52%$524.44
116,500 at 3.53%$525.09
116,500 at 3.54%$525.74
116,500 at 3.55%$526.39
116,500 at 3.56%$527.05
116,500 at 3.57%$527.70
116,500 at 3.58%$528.35
116,500 at 3.59%$529.01
116,500 at 3.6%$529.66
116,500 at 3.61%$530.32
116,500 at 3.62%$530.97
116,500 at 3.63%$531.63
116,500 at 3.64%$532.28
116,500 at 3.65%$532.94
116,500 at 3.66%$533.60
116,500 at 3.67%$534.25
116,500 at 3.68%$534.91
116,500 at 3.69%$535.57
116,500 at 3.7%$536.23
116,500 at 3.71%$536.89
116,500 at 3.72%$537.55
116,500 at 3.73%$538.21
116,500 at 3.74%$538.87
116,500 at 3.75%$539.53
116,500 at 3.76%$540.19
116,500 at 3.77%$540.85
116,500 at 3.78%$541.51
116,500 at 3.79%$542.18
116,500 at 3.8%$542.84
116,500 at 3.81%$543.50
116,500 at 3.82%$544.17
116,500 at 3.83%$544.83
116,500 at 3.84%$545.50
116,500 at 3.85%$546.16
116,500 at 3.86%$546.83
116,500 at 3.87%$547.49
116,500 at 3.88%$548.16
116,500 at 3.89%$548.83
116,500 at 3.9%$549.49
116,500 at 3.91%$550.16
116,500 at 3.92%$550.83
116,500 at 3.93%$551.50
116,500 at 3.94%$552.17
116,500 at 3.95%$552.84
116,500 at 3.96%$553.51
116,500 at 3.97%$554.18
116,500 at 3.98%$554.85
116,500 at 3.99%$555.52
116,500 at 4%$556.19
116,500 at 4.01%$556.86
116,500 at 4.02%$557.53
116,500 at 4.03%$558.21
116,500 at 4.04%$558.88
116,500 at 4.05%$559.55
116,500 at 4.06%$560.23
116,500 at 4.07%$560.90
116,500 at 4.08%$561.58
116,500 at 4.09%$562.25
116,500 at 4.1%$562.93
116,500 at 4.11%$563.60
116,500 at 4.12%$564.28
116,500 at 4.13%$564.96
116,500 at 4.14%$565.63
116,500 at 4.15%$566.31
116,500 at 4.16%$566.99
116,500 at 4.17%$567.67
116,500 at 4.18%$568.35
116,500 at 4.19%$569.03
116,500 at 4.2%$569.71
116,500 at 4.21%$570.39
116,500 at 4.22%$571.07
116,500 at 4.23%$571.75
116,500 at 4.24%$572.43
116,500 at 4.25%$573.11
116,500 at 4.26%$573.79
116,500 at 4.27%$574.47
116,500 at 4.28%$575.16
116,500 at 4.29%$575.84
116,500 at 4.3%$576.53
116,500 at 4.31%$577.21
116,500 at 4.32%$577.89
116,500 at 4.33%$578.58
116,500 at 4.34%$579.26
116,500 at 4.35%$579.95
116,500 at 4.36%$580.64
116,500 at 4.37%$581.32
116,500 at 4.38%$582.01
116,500 at 4.39%$582.70
116,500 at 4.4%$583.39
116,500 at 4.41%$584.07
116,500 at 4.42%$584.76
116,500 at 4.43%$585.45
116,500 at 4.44%$586.14
116,500 at 4.45%$586.83
116,500 at 4.46%$587.52
116,500 at 4.47%$588.21
116,500 at 4.48%$588.90
116,500 at 4.49%$589.60
116,500 at 4.5%$590.29
116,500 at 4.51%$590.98
116,500 at 4.52%$591.67
116,500 at 4.53%$592.37
116,500 at 4.54%$593.06
116,500 at 4.55%$593.75
116,500 at 4.56%$594.45
116,500 at 4.57%$595.14
116,500 at 4.58%$595.84
116,500 at 4.59%$596.53
116,500 at 4.6%$597.23
116,500 at 4.61%$597.93
116,500 at 4.62%$598.62
116,500 at 4.63%$599.32
116,500 at 4.64%$600.02
116,500 at 4.65%$600.72
116,500 at 4.66%$601.42
116,500 at 4.67%$602.11
116,500 at 4.68%$602.81
116,500 at 4.69%$603.51
116,500 at 4.7%$604.21
116,500 at 4.71%$604.91
116,500 at 4.72%$605.61
116,500 at 4.73%$606.32
116,500 at 4.74%$607.02
116,500 at 4.75%$607.72
116,500 at 4.76%$608.42
116,500 at 4.77%$609.12
116,500 at 4.78%$609.83
116,500 at 4.79%$610.53
116,500 at 4.8%$611.24
116,500 at 4.81%$611.94
116,500 at 4.82%$612.64
116,500 at 4.83%$613.35
116,500 at 4.84%$614.06
116,500 at 4.85%$614.76
116,500 at 4.86%$615.47
116,500 at 4.87%$616.17
116,500 at 4.88%$616.88
116,500 at 4.89%$617.59
116,500 at 4.9%$618.30
116,500 at 4.91%$619.00
116,500 at 4.92%$619.71
116,500 at 4.93%$620.42
116,500 at 4.94%$621.13
116,500 at 4.95%$621.84
116,500 at 4.96%$622.55
116,500 at 4.97%$623.26
116,500 at 4.98%$623.97
116,500 at 4.99%$624.69
116,500 at 5%$625.40
Interest Rate 30 Year
116,500 at 5.01%$626.11
116,500 at 5.02%$626.82
116,500 at 5.03%$627.53
116,500 at 5.04%$628.25
116,500 at 5.05%$628.96
116,500 at 5.06%$629.68
116,500 at 5.07%$630.39
116,500 at 5.08%$631.11
116,500 at 5.09%$631.82
116,500 at 5.1%$632.54
116,500 at 5.11%$633.25
116,500 at 5.12%$633.97
116,500 at 5.13%$634.69
116,500 at 5.14%$635.40
116,500 at 5.15%$636.12
116,500 at 5.16%$636.84
116,500 at 5.17%$637.56
116,500 at 5.18%$638.28
116,500 at 5.19%$638.99
116,500 at 5.2%$639.71
116,500 at 5.21%$640.43
116,500 at 5.22%$641.15
116,500 at 5.23%$641.87
116,500 at 5.24%$642.60
116,500 at 5.25%$643.32
116,500 at 5.26%$644.04
116,500 at 5.27%$644.76
116,500 at 5.28%$645.48
116,500 at 5.29%$646.21
116,500 at 5.3%$646.93
116,500 at 5.31%$647.65
116,500 at 5.32%$648.38
116,500 at 5.33%$649.10
116,500 at 5.34%$649.83
116,500 at 5.35%$650.55
116,500 at 5.36%$651.28
116,500 at 5.37%$652.00
116,500 at 5.38%$652.73
116,500 at 5.39%$653.46
116,500 at 5.4%$654.18
116,500 at 5.41%$654.91
116,500 at 5.42%$655.64
116,500 at 5.43%$656.37
116,500 at 5.44%$657.10
116,500 at 5.45%$657.82
116,500 at 5.46%$658.55
116,500 at 5.47%$659.28
116,500 at 5.48%$660.01
116,500 at 5.49%$660.74
116,500 at 5.5%$661.47
116,500 at 5.51%$662.21
116,500 at 5.52%$662.94
116,500 at 5.53%$663.67
116,500 at 5.54%$664.40
116,500 at 5.55%$665.13
116,500 at 5.56%$665.87
116,500 at 5.57%$666.60
116,500 at 5.58%$667.33
116,500 at 5.59%$668.07
116,500 at 5.6%$668.80
116,500 at 5.61%$669.54
116,500 at 5.62%$670.27
116,500 at 5.63%$671.01
116,500 at 5.64%$671.74
116,500 at 5.65%$672.48
116,500 at 5.66%$673.22
116,500 at 5.67%$673.95
116,500 at 5.68%$674.69
116,500 at 5.69%$675.43
116,500 at 5.7%$676.17
116,500 at 5.71%$676.90
116,500 at 5.72%$677.64
116,500 at 5.73%$678.38
116,500 at 5.74%$679.12
116,500 at 5.75%$679.86
116,500 at 5.76%$680.60
116,500 at 5.77%$681.34
116,500 at 5.78%$682.08
116,500 at 5.79%$682.83
116,500 at 5.8%$683.57
116,500 at 5.81%$684.31
116,500 at 5.82%$685.05
116,500 at 5.83%$685.79
116,500 at 5.84%$686.54
116,500 at 5.85%$687.28
116,500 at 5.86%$688.03
116,500 at 5.87%$688.77
116,500 at 5.88%$689.51
116,500 at 5.89%$690.26
116,500 at 5.9%$691.00
116,500 at 5.91%$691.75
116,500 at 5.92%$692.50
116,500 at 5.93%$693.24
116,500 at 5.94%$693.99
116,500 at 5.95%$694.74
116,500 at 5.96%$695.48
116,500 at 5.97%$696.23
116,500 at 5.98%$696.98
116,500 at 5.99%$697.73
116,500 at 6%$698.48
116,500 at 6.01%$699.23
116,500 at 6.02%$699.98
116,500 at 6.03%$700.72
116,500 at 6.04%$701.48
116,500 at 6.05%$702.23
116,500 at 6.06%$702.98
116,500 at 6.07%$703.73
116,500 at 6.08%$704.48
116,500 at 6.09%$705.23
116,500 at 6.1%$705.98
116,500 at 6.11%$706.74
116,500 at 6.12%$707.49
116,500 at 6.13%$708.24
116,500 at 6.14%$709.00
116,500 at 6.15%$709.75
116,500 at 6.16%$710.51
116,500 at 6.17%$711.26
116,500 at 6.18%$712.02
116,500 at 6.19%$712.77
116,500 at 6.2%$713.53
116,500 at 6.21%$714.28
116,500 at 6.22%$715.04
116,500 at 6.23%$715.80
116,500 at 6.24%$716.55
116,500 at 6.25%$717.31
116,500 at 6.26%$718.07
116,500 at 6.27%$718.83
116,500 at 6.28%$719.59
116,500 at 6.29%$720.34
116,500 at 6.3%$721.10
116,500 at 6.31%$721.86
116,500 at 6.32%$722.62
116,500 at 6.33%$723.38
116,500 at 6.34%$724.14
116,500 at 6.35%$724.90
116,500 at 6.36%$725.67
116,500 at 6.37%$726.43
116,500 at 6.38%$727.19
116,500 at 6.39%$727.95
116,500 at 6.4%$728.71
116,500 at 6.41%$729.48
116,500 at 6.42%$730.24
116,500 at 6.43%$731.00
116,500 at 6.44%$731.77
116,500 at 6.45%$732.53
116,500 at 6.46%$733.30
116,500 at 6.47%$734.06
116,500 at 6.48%$734.83
116,500 at 6.49%$735.59
116,500 at 6.5%$736.36
Interest Rate 30 Year
116,500 at 6.51%$737.13
116,500 at 6.52%$737.89
116,500 at 6.53%$738.66
116,500 at 6.54%$739.43
116,500 at 6.55%$740.19
116,500 at 6.56%$740.96
116,500 at 6.57%$741.73
116,500 at 6.58%$742.50
116,500 at 6.59%$743.27
116,500 at 6.6%$744.04
116,500 at 6.61%$744.81
116,500 at 6.62%$745.58
116,500 at 6.63%$746.35
116,500 at 6.64%$747.12
116,500 at 6.65%$747.89
116,500 at 6.66%$748.66
116,500 at 6.67%$749.43
116,500 at 6.68%$750.20
116,500 at 6.69%$750.98
116,500 at 6.7%$751.75
116,500 at 6.71%$752.52
116,500 at 6.72%$753.30
116,500 at 6.73%$754.07
116,500 at 6.74%$754.84
116,500 at 6.75%$755.62
116,500 at 6.76%$756.39
116,500 at 6.77%$757.17
116,500 at 6.78%$757.94
116,500 at 6.79%$758.72
116,500 at 6.8%$759.49
116,500 at 6.81%$760.27
116,500 at 6.82%$761.05
116,500 at 6.83%$761.82
116,500 at 6.84%$762.60
116,500 at 6.85%$763.38
116,500 at 6.86%$764.15
116,500 at 6.87%$764.93
116,500 at 6.88%$765.71
116,500 at 6.89%$766.49
116,500 at 6.9%$767.27
116,500 at 6.91%$768.05
116,500 at 6.92%$768.83
116,500 at 6.93%$769.61
116,500 at 6.94%$770.39
116,500 at 6.95%$771.17
116,500 at 6.96%$771.95
116,500 at 6.97%$772.73
116,500 at 6.98%$773.51
116,500 at 6.99%$774.30
116,500 at 7%$775.08
116,500 at 7.01%$775.86
116,500 at 7.02%$776.64
116,500 at 7.03%$777.43
116,500 at 7.04%$778.21
116,500 at 7.05%$778.99
116,500 at 7.06%$779.78
116,500 at 7.07%$780.56
116,500 at 7.08%$781.35
116,500 at 7.09%$782.13
116,500 at 7.1%$782.92
116,500 at 7.11%$783.70
116,500 at 7.12%$784.49
116,500 at 7.13%$785.28
116,500 at 7.14%$786.06
116,500 at 7.15%$786.85
116,500 at 7.16%$787.64
116,500 at 7.17%$788.42
116,500 at 7.18%$789.21
116,500 at 7.19%$790.00
116,500 at 7.2%$790.79
116,500 at 7.21%$791.58
116,500 at 7.22%$792.37
116,500 at 7.23%$793.16
116,500 at 7.24%$793.95
116,500 at 7.25%$794.74
116,500 at 7.26%$795.53
116,500 at 7.27%$796.32
116,500 at 7.28%$797.11
116,500 at 7.29%$797.90
116,500 at 7.3%$798.69
116,500 at 7.31%$799.48
116,500 at 7.32%$800.27
116,500 at 7.33%$801.07
116,500 at 7.34%$801.86
116,500 at 7.35%$802.65
116,500 at 7.36%$803.45
116,500 at 7.37%$804.24
116,500 at 7.38%$805.03
116,500 at 7.39%$805.83
116,500 at 7.4%$806.62
116,500 at 7.41%$807.42
116,500 at 7.42%$808.21
116,500 at 7.43%$809.01
116,500 at 7.44%$809.80
116,500 at 7.45%$810.60
116,500 at 7.46%$811.40
116,500 at 7.47%$812.19
116,500 at 7.48%$812.99
116,500 at 7.49%$813.79
116,500 at 7.5%$814.58
116,500 at 7.51%$815.38
116,500 at 7.52%$816.18
116,500 at 7.53%$816.98
116,500 at 7.54%$817.78
116,500 at 7.55%$818.58
116,500 at 7.56%$819.38
116,500 at 7.57%$820.18
116,500 at 7.58%$820.98
116,500 at 7.59%$821.78
116,500 at 7.6%$822.58
116,500 at 7.61%$823.38
116,500 at 7.62%$824.18
116,500 at 7.63%$824.98
116,500 at 7.64%$825.78
116,500 at 7.65%$826.58
116,500 at 7.66%$827.39
116,500 at 7.67%$828.19
116,500 at 7.68%$828.99
116,500 at 7.69%$829.80
116,500 at 7.7%$830.60
116,500 at 7.71%$831.40
116,500 at 7.72%$832.21
116,500 at 7.73%$833.01
116,500 at 7.74%$833.82
116,500 at 7.75%$834.62
116,500 at 7.76%$835.43
116,500 at 7.77%$836.23
116,500 at 7.78%$837.04
116,500 at 7.79%$837.84
116,500 at 7.8%$838.65
116,500 at 7.81%$839.46
116,500 at 7.82%$840.26
116,500 at 7.83%$841.07
116,500 at 7.84%$841.88
116,500 at 7.85%$842.69
116,500 at 7.86%$843.49
116,500 at 7.87%$844.30
116,500 at 7.88%$845.11
116,500 at 7.89%$845.92
116,500 at 7.9%$846.73
116,500 at 7.91%$847.54
116,500 at 7.92%$848.35
116,500 at 7.93%$849.16
116,500 at 7.94%$849.97
116,500 at 7.95%$850.78
116,500 at 7.96%$851.59
116,500 at 7.97%$852.40
116,500 at 7.98%$853.21
116,500 at 7.99%$854.02
116,500 at 8%$854.84
More Amounts
What is the down payment for a $116,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,165
2%2,330
3%3,495
4%4,660
5%5,825
6%6,990
7%8,155
8%9,320
9%10,485
10%11,650
11%12,815
12%13,980
13%15,145
14%16,310
15%17,475
16%18,640
17%19,805
18%20,970
19%22,135
20%23,300
Percent Down Down Payment
21%24,465
22%25,630
23%26,795
24%27,960
25%29,125
26%30,290
27%31,455
28%32,620
29%33,785
30%34,950
31%36,115
32%37,280
33%38,445
34%39,610
35%40,775
36%41,940
37%43,105
38%44,270
39%45,435
40%46,600
Percent Down Down Payment
41%47,765
42%48,930
43%50,095
44%51,260
45%52,425
46%53,590
47%54,755
48%55,920
49%57,085
50%58,250
51%59,415
52%60,580
53%61,745
54%62,910
55%64,075
56%65,240
57%66,405
58%67,570
59%68,735
60%69,900
Percent Down Down Payment
61%71,065
62%72,230
63%73,395
64%74,560
65%75,725
66%76,890
67%78,055
68%79,220
69%80,385
70%81,550
71%82,715
72%83,880
73%85,045
74%86,210
75%87,375
76%88,540
77%89,705
78%90,870
79%92,035
80%93,200
Percent Down Down Payment
81%94,365
82%95,530
83%96,695
84%97,860
85%99,025
86%100,190
87%101,355
88%102,520
89%103,685
90%104,850
91%106,015
92%107,180
93%108,345
94%109,510
95%110,675
96%111,840
97%113,005
98%114,170
99%115,335
100%116,500
Common Loan Vocabulary Terms
APR Annual Percentage Rate, the annual cost of borrowing or lending money.
PMI Private Mortgage Insurance. A downpayment less than 20% often requires that the borrower purchase PMI. This increases the overall monthly payment.
Property Taxes Taxes charged by the local government to the owner of the property. This is often charged as a percentage of the assessed value of the property.
Insurance Home insurance protects your property against damage. Flood insurance is often recommended for some areas of the country. Individuals with a high net worth might consider an umbrella policy.
HOA Homeowners' Association. Usually part of a condo development or subdivision. The HOA often sets the rules, takes care of common maintenance, and charges a fee.
Mortgage Refinance After mortgage rates have decreased, it is often possible to get a new mortgage at a lower rate. This is a loan refinance and can save lots of money.